Forex Trading

Discussion in 'Derivatives' started by mayanksaini11, Jul 15, 2009.

  1. mayanksaini11

    mayanksaini11 Member

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    As we know that forex is the most liquid market in the world. Trilions of dollars are traded daily and almost all the participants are traders. Also the markets do not move so fast. I got a question in my mind after I read the link http://www.investopedia.com/terms/s/spread.asp, here it is written that there is no commissions trading forex just only spreads. Is it true?
    2. Do forex market offers the same mechanism of trading as an options and futures contract as in indian markets?
    3. In bse/nse currency futures are introduced, I read advertisement on sharekhan, do sharekhan charges commission and do we have to pay service tax and stt on it?
     
  2. mayanksaini11

    mayanksaini11 Member

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  3. GBPEURUSD

    GBPEURUSD New Member

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    1) yeap almost all online brokers charge no commission, they make their money through the bid/offer spread and it gets tighter over time, as competition grows.

    2) the currency derivatives market in india is similar to the stock futures mkt.
    no fx options market yet in india.

    3)it depends on the brokers. check with diff brokers.

    you should visit the "forex" forum here in traderji for more info.

    http://www.traderji.com/forex/22876-full-time-indian-resident-forex-trader-9.html
    http://www.traderji.com/forex/

    Cheers
     
    mayanksaini11 likes this.
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